As of 2020, expenditure on armed forces in Ghana amounted to nearly 240 million U.S. dollars. Over the observed time period, Ghana's spending on military fluctuated from year to year, starting off low at 113,67 million U.S. dollars in 2008, then rising to a 337.26 million U.S. dollar peak in 2012 but generally decreasing again afterward.
Military expenditure in Ghana from 2008 to 2020
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The source mentions that data on military expenditure is derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Figures are SIPRI Trend Indicator Values (TIVs) expressed in million U.S. dollars at constant (1990) prices.
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World Bank. (September 26, 2022). Military expenditure in Ghana from 2008 to 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1118785/military-expenditure-in-ghana/
World Bank. "Military expenditure in Ghana from 2008 to 2020 (in million U.S. dollars)." Chart. September 26, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1118785/military-expenditure-in-ghana/
World Bank. (2022). Military expenditure in Ghana from 2008 to 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1118785/military-expenditure-in-ghana/
World Bank. "Military Expenditure in Ghana from 2008 to 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 26 Sep 2022, https://www.statista.com/statistics/1118785/military-expenditure-in-ghana/
World Bank, Military expenditure in Ghana from 2008 to 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1118785/military-expenditure-in-ghana/ (last visited August 25, 2024)
Military expenditure in Ghana from 2008 to 2020 (in million U.S. dollars) [Graph], World Bank, September 26, 2022. [Online]. Available: https://www.statista.com/statistics/1118785/military-expenditure-in-ghana/
